Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.134%

Price spread now: Aevo against BingX+0.270%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aevo is 0.270% dearer against BingX than usual: you sell high and buy low (spread +0.270% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.6082	0.0304	pay 0.0152% / 4h	9m 35s	—	$3.1M	—
Short	Aevo PONS-PERP	0.6098	0.0152	get 0.0019% / 1h	9m 35s	$380	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee AevobpOrdersPrice spread, now +0.270%Rate

Funding earned: −$31.92
Price spread: +0.270% → 0.000%: $27
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$30.92
Costs to cover: 0.260%
Break-even: from the start

Slippage unknown: BingX: live order book, 10 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 10 min ago	0.82 bp	10.6 bp −$11	38.3 bp −$383	353.8 bp −$35.4K	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−1.850%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6093	+0.180%	$241K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6095	+0.214%	$426K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6083	+0.016%	$20K	$425K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6080	−0.033%	$18.3M	$31.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6081	−0.016%	$13.9M	$57.5M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6091	+0.142%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6087	+0.081%	$32K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6107	+0.413%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6112	+0.488%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6097	+0.247%	$28K	$544K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6126	+0.727%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6093	+0.181%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0126%	4h	0.6092	+0.159%	$1.7M	$3.7M	20x	as long as short
Aster PONSUSDT	+0.0146%	4h	0.6094	+0.196%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERPshort	+0.0152%	1h	0.6098	+0.270%	$380	—	3x
Bitget PONSUSDT	+0.0162%	4h	0.6084	+0.035%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERP	+0.0190%	1h	0.6085	+0.053%	$105K	$116K	5x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6084	+0.033%	$252K	$682K	5x	as long as short
MEXC PONS_USDT	+0.0298%	4h	0.6091	+0.148%	$8.0M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0303%	4h	0.6082	+0.008%	$39.9M	$98.3M	20x	as long as short
BingX PONS-USDTlong	+0.0304%	4h	0.6082	long leg	—	$3.1M	—
edgeX PONSUSDC	+0.0311%	4h	0.6094	+0.194%	$21K	$292K	10x	as long as short
Lighter PONS	+0.0352%	1h	0.6095	+0.214%	$1.7M	$932K	3x	as long as short
BloFin PONS-USDT	+0.0539%	4h	0.6092	+0.164%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0642%	1h	0.6086	+0.062%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0845%	1h	0.6095	+0.206%	$62.1M	$29.8M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6090	+0.134%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6100	+0.296%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2336%	4h	0.6092	+0.164%	$5.3M	$6.3M	20x	as long as short